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Elon Musk could cut half of Twitter’s workforce

Elon Musk could cut half of Twitter’s workforce

Twitter staff have been bracing for layoffs since Elon Musk formally took over the corporate, and particulars are beginning to trickle out about how many individuals might be affected. Wednesday night, The Verge’s Alex Heath experiences that Musk is assembly with advisors, together with fellow former PayPal exec David Sacks, and finalizing a plan to put off roughly 3,800 staff, whereas Bloomberg reported that 3,700 could be minimize.

In accordance with Bloomberg, the plan is for workers to learn concerning the layoffs on Friday, and affected employees might be given 60 days of severance pay. Musk can be planning to finish Twitter’s coverage that allowed staff to do business from home “perpetually,” Bloomberg experiences. This might line up with textual content messages we’ve seen from one other advisor, Jason Calacanis (revealed as a part of Musk’s courtroom case when he was nonetheless making an attempt to get out of shopping for Twitter), suggesting chopping distant work to spur voluntary departures, and it matches his stance towards distant work at Tesla.

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